Cooler-Than-Expected CPI Reading Boosts Stock Futures

Investors are once again hopeful for interest rate cuts

Digital Content Manager
May 15, 2024 at 9:23 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are up triple digits, extending yesterday's healthy gains after a cooler-than-expected consumer price index (CPI) reading for April, which signaled inflation is slowing down. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also higher, as hopes of interest rate cuts reemerge in light of this economic data.

Continue reading for more on today's market, including: 

  • Should you buy expensive or cheap options?
  • Why Airbnb stock looks ready to bounce.
  • Plus, DELL nabs price-target hike; Justice Department comes after Boeing; and EV stock upgraded.

Futures 0515

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.7 million call contracts and 925,569 put contracts traded on Tuesday. The single-session equity put/call fell to 0.53, and the 21-day moving average stayed at 0.70.
  2. Morgan Stanley raised its price target of Dell Technologies Inc (NYSE:DELL) to $152 from $128. The analyst in question said the company is “gaining momentum” with enterprise clients. DELL is up 3.9% before the bell, and boasts a more than 75% lead for 2024.
  3. The Justice Department said Boeing Co (NYSE:BA) violated a 2021 settlement in connection with two fatal 737 Max crashes. The security is down 0.8% in premarket trading, and looking to add to a 30.7% year-to-date deficit.
  4. JPMorgan Securities today upgraded Nio Inc (NYSE:NIO) stock to "neutral" from "underweight," citing the a government stimulus policy in China and the company's battery as a service (BaaS) model. The electric vehicle (EV) stock is 1.2% higher ahead of the open, but is down 36.2% in 2024.
  5. A busy week of earnings and inflation data on tap. 

buzzmay15

European Markets Rise; FTSE 100 Hits Record High

The South Korean Kospi and Hong Kong’s Hang Seng were closed for holiday on Wednesday, while Japan’s Nikkei inched 0.08% higher, and China’s Shanghai Composite dipped 0.8%. The People’s Bank of China held its one-year medium term lending facility rate at 2.5%, while in Singapore, Lawrence Wong was sworn in as the new prime minister -- the first leadership change in 20 years.

London’s FTSE 100 hit a record high this morning, with a boost from consumer credit name Expirian, and was last seen up 0.1%. The French CAC 40 is down 0.2% at last check, while the German DAX adds 0.4%, as investors await the inflation report stateside and digest upbeat earnings from travel giant TUI.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI